It’s time for the city to consider whether to impose a vacancy tax on empty residential properties as a way to increase the supply of rental housing, a city councillor says. Coun. Ana Bailao’s comments come after a designer and software developer did a photographic study of his own on vacant Toronto condo towers that…

For six years, Ali Mesgarzadeh lived in limbo in the United States, unable to return to his home and family in Tehran during the turmoil of the Iranian Revolution and later the Iran-Iraq War. Then Canada opened its doors. “People leave because of war, economic situations and political persecution. No one wants to leave their…

Canada’s national housing agency has moved the Toronto region housing market out of the high-risk red zone into the moderate yellow area for the first time since 2015. There are still signs that the area’s market is vulnerable to price acceleration and overheating, but overvaluation — where home prices exceed income levels by an excessive…

After a soft start to the year, sales of luxury Toronto real estate is on the upswing, surpassing 2018 trough levels. Year-to-date sales in the GTA of freehold and condominium properties priced in excess of $5 million topped 100 units between January and October 31. This is up 8.5 percent from the 94 sales reported…